Lorry or Truck Loan in Brampton

Need a truck or lorry loan in Canada? Mehmi Financial Group offers fast approvals, competitive rates, and flexible terms for commercial vehicle financing.
6 minutes
Lorry or Truck Loan in Brampton
Written by
Alec Whitten
Published on
May 18, 2025

Whether you’re starting a transportation business, replacing an aging vehicle, or expanding your fleet, financing a lorry—or truck—is a smart way to manage costs and scale sustainably. At Mehmi Financial Group, we offer customized truck loan solutions to businesses across Brampton, the Greater Toronto Area (GTA), and throughout Canada.

We provide fast approvals, flexible repayment options, and access to trusted truck vendors, all while helping you protect your cash flow and invest in the future of your operations.

What Is a Lorry or Truck Loan?

A truck loan is a business financing option that allows you to buy a commercial vehicle and repay the cost in installments over a fixed term. The truck itself typically serves as collateral, which can lead to more favorable loan terms—especially for growing businesses.

Our truck financing programs cover:

Why Finance a Truck Instead of Paying Upfront?

Truck loans offer multiple benefits:

  • Preserve Working Capital: Avoid large upfront expenses.
  • Build Equity: Once the loan is paid off, you own the vehicle outright.
  • Tax Advantages: Interest and depreciation may be tax-deductible.
  • Predictable Payments: Fixed monthly costs simplify budgeting.
  • Flexible Terms: Choose repayment periods that match your income cycles.

Financing is ideal for businesses that need vehicles now but want to keep liquidity for other areas of growth.

Truck Loan vs. Truck Lease

We help clients compare leasing and loan options based on their financial goals.

  • A truck loan is best if you plan to use the truck long-term and want to build ownership.
  • A truck lease is ideal if you want lower payments and the flexibility to upgrade after a few years.

If you're unsure which option fits your strategy, contact our team for expert advice.

Who Is Eligible for a Lorry Loan?

We finance trucks for:

Even if you’re a startup or have less-than-perfect credit, our alternative financing options may still be available to you.

How to Apply for a Truck Loan in Canada

Here’s how to get started:

  1. Choose Your Vehicle
    Know what type of truck you need, and request a dealer invoice or quote.
  2. Gather Documents
    Required paperwork may include your government-issued ID, business registration, income statements, and credit report.
  3. Submit Your Application
    Apply online or speak with a loan advisor. Our average turnaround time is 48–72 hours.
  4. Get Funded and Drive Away
    Once approved, funds are sent directly to your truck dealer or private seller.

We offer financing across new and used commercial vehicles to suit a wide range of budgets and operational needs.

Service Areas

We serve trucking clients across Ontario and Canada, including:

  • Brampton
  • Toronto
  • Mississauga
  • Vaughan
  • Markham
  • Oakville
  • Calgary
  • Edmonton
  • Winnipeg
  • Ottawa
  • Montreal

No matter where you're located, Mehmi Financial Group can help you access fast and affordable truck financing.

Meta Description:
Looking for a truck loan in Canada? Mehmi Financial Group offers fast approval and flexible lorry financing in Brampton, Toronto, Mississauga, and beyond.

Need to finance a truck or lorry for your business? Apply now with Mehmi Financial Group and let’s get your vehicle—and your business—on the road to success.

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